IDB and Banco do Brasil Launch Program to Promote Biodiversity and Climate Action

September 21, 2023
NEW YORK - The Inter-American Development Bank (IDB) and Banco do Brasil today signed a letter of intent paving the way for a $250 million financing program, part of a Conditional Credit Line for Investment Projects (CCLIP) of up to $1 billion. The program will promote the bioeconomy and sustainable infrastructure initiatives, with an emphasis on connectivity and renewable energy sources, in Brazil's Amazonian states. The announcement was made during a meeting between IDB President Ilan Goldfajn and Banco do Brasil President Tarciana Medeiros.

IDB and Government of Israel to Boost Innovation at Water, Sanitation and Energy Companies

September 12, 2023
Ideas in Action 2023 seeks to support public, private, or mixed water, sanitation or energy service providers—as well as energy ministries in Latin America and the Caribbean—that have management and process challenges, and connect them with innovative solutions.

Korea and IDB Group Renew and Expand Co-Financing Facility for $1 Billion

September 12, 2023
The government of Korea and the Inter-American Development Bank Group (IDB Group) have agreed to renew and expand the Korea Infrastructure Development Co-Financing Facility for Latin America and the Caribbean (KIF) for an additional $1 billion, its largest-ever replenishment since its inception in 2015.  The expansion of the KIF will enable the IDB Group to make available additional resources for the region's critical development in areas such as infrastructure and energy, social sector and technology, among others.

IDB Backs Ecuador's Energy Transition and Investments

August 02, 2023
Ecuador will promote reforms to accelerate a fair energy transition that promotes public and private investment in the sector, with the support of a $500 million loan approved by the Inter-American Development Bank (IDB).

Argentina, Uruguay to Receive Credit Line to Modernize Hydroelectric Complex

June 28, 2023
The IDB has approved a Conditional Credit Line for Investment Projects (CCLIP) of up to $800 million for Energy for Argentina and Uruguay.

Argentina Promotes Sustainable, Resilient Growth with IDB Assistance

June 26, 2023
The Inter-American Development Bank (IDB) approved a $350 million loan to boost sustainable and resilient growth in Argentina. The approval by the Board marks a significant financial milestone in support of Argentina's climate action plans as well as a major step in the fight against climate change.